Prada HK shares climb on report it is close to finalising deal for Versace

Prada SpA

04/03/2025 04:38

** Hong Kong shares of Italian luxury group Prada 1913.HK rise 3.1% to HK$70.6, their highest since February 18, and on course for the second session of gain

** Prada 1913.F is moving closer to a deal to buy Versace from upmarket fashion group Capri Holdings CPRI.N after agreeing to a price of nearly 1.5 bln euros ($1.6 bln), Bloomberg News reported on Sunday

** Prada and Capri could finalise a deal for Versace in March, the report said citing unnamed sources

** Prada's Frankfurt-listed stock 1913.F rose 4.3% on Monday

** Capri's shares rose 3.9% on Monday

** Hang Seng Consumption Index .HSCGSI gains 0.3%, Hang Seng Index .HSI slips 0.5%

** Prada Hong Kong stock up 13.9% YTD, Frankfurt-listed shares up 8.2%

($1 = 0.9550 euros)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))